Stakeholders Meeting June, 17th 2016Collaboration

#PhXX

Capital

• It is not as simple as a pipeline problem. • Pitch competitions are not addressing the gender gap. • We live in a culture that is debt averse specifically for

women. • Gender bias is still alive and well in both banking and VC

funding. • We need diverse sources to over come the above

challenges.

Women account for 30 percent of small companies but receive only 4.4 percent of the total dollars in conventional small-business loans.  Put another way, women receive $1 for every $23 loaned. Minority business owners pay, on average, 32 percent higher interest rates than what their white counterparts.

-Senate Small Business & Entrepreneurship Committee

The gender gap in small business loans to women owned business has actually increased since 1988.- Shattering the Glass Ceiling, 2014

 “We know that about 38% of new businesses in this country are started by women but only between 2% and 6% of those founders receive VC funding,”

“In the context of entrepreneurship, there is so little objective data to go on in the early stages of a venture [that it] makes it easier [for VCs] to be influenced, whether implicitly or explicitly, and make judgments based on personal attributes like gender.”

Forbes, 2015

-Springboard Enterprises-Astia-Golden Seeds -Belle Capital Group -Keva

Capital National Resources

Once small firms are actively engaged in federal contracting, women-owned firms are every bit as accomplished in terms of business size as are their male colleagues. While in general, among all firms, women-owned firms are smaller than average, among active small business contractors, 31% of women and 30% of men employ 50 or more workers in their firms, and 42% and 48%, respectively, generate $1 million or more in revenue. Selling to the federal government can lead to substantial business growth!

-Womenable, 2014

Procurement and Certification

Arizona has less women certified business than other similar states

that are seeing significant growth in women business ownership.

Procurement and Certification

Economies with initiatives that increase visibility and access to role models are likely to encourage women entrepreneurs to start and grow businesses.

Programs that enhance skills and competencies for women entrepreneurs, and other initiatives such as mentoring and advising, should include developing and assessing women’s confidence to take advantage of opportunities and building their capacity for managing risk.

-GEM: Special Report on Women’s Entrepreneurship, 2015

Confidence

-Internal barrier created by a gendered culture

-“Impostor Syndrome”

-Best discussed in group formats and advisory board instead of content.

Confidence